ORLANDO INVESTORS GROUP BUYS 6% STAKE IN FREEDOM

A group of Orlando investors has agreed to pay $2.225 million for a 6 percent interest in Freedom Savings and Loan Association, according to Freedom chairman Robert Klingler.

Sumner Kramer, an Orlando developer and leader of the group, said Wednesday he has told the Securities and Exchange Commission that the group intends to buy 200,000 newly issued Freedom shares for $11.125 each. The stock has been selling in recent weeks on the over-the-counter market for between $11.50 and $12 a share.

Egerton van den Berg, an Orlando lawyer and a member of the group, will be appointed to Freedom's board of directors after the stock purchase is completed on Aug. 15, Kramer said.

Most of the investors are from the Orlando area, Kramer said.

Tampa-based Freedom lost $28 million in 1983 and $16 million in 1984, but it has reported profits in the past two quarters. Klingler announced last fall that he intended to raise the thrift's capital by $100 million.

Freedom, which has substantial operations in the Orlando area, had 2,871,000 shares of common stock outstanding as of March 5.